Primary Industries Research and Development Act 1989
Fisheries Research and Development Corporation Regulations 1991
DETERMINATION OF THE STATE/TERRITORY FISHERIES GROSS VALUE OF PRODUCTION (GVP) FOR 2017–18
Pursuant to subsection 30A(2) of the Primary Industries Research and Development Act 1989 and Regulation 4E of the Fisheries Research and Development Corporation Regulations 1991, I, David Littleproud, Minister for Agriculture and Water Resources, hereby determine that the state or territory Gross Value of Production (GVP) for the financial year 2017–18, being the GVP for that financial year of goods that are the produce of that part of the fishing industry that is managed by or on behalf of the particular state or territory indicated in the Schedule, is, in each respective case, the amount shown in the Schedule.
SCHEDULE
STATE / TERRITORY
| GVP ($’000) |
New South Wales | 147,498 |
Victoria | 89,989 |
Queensland | 224,528 |
Western Australia | 602,166 |
South Australia * | 457,729 |
Tasmania | 947,131 |
Northern Territory | 65,713 |
* Does not include input from the Commonwealth-managed southern bluefin tuna fishery.
Dated this 7th day of June 2018
David Littleproud
EXPLANATORY STATEMENT
Primary Industries Research and Development Act 1989
Fisheries Research and Development Corporation Regulations 1991
DETERMINATION OF THE STATE/TERRITORY FISHERIES GROSS VALUE OF PRODUCTION (GVP) FOR 2017–18
Under subsection 30A(2) and (3) of the Primary Industries Research and Development Act 1989, the amount paid to the Fisheries Research and Development Corporation from the Consolidated Revenue Fund shall be based on the Gross Value of Production (GVP) of that state or territory’s fishing industry.
Subsection 30A(5) of the Primary Industries Research and Development Act 1989 and 4E of the Fisheries Research and Development Corporation Regulations 1991 provides for the GVP of each state and territory in a given year to be the average of the GVP for the relevant and the two preceding financial years.
The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) has estimated, to the nearest thousand dollars, the GVP of the state and territory fishing industries in the financial years 2015–16, 2016–17 and 2017–18. These estimates (made on 23 May 2018) are:
| 2015–16 ($’000) | 2016–17 ($’000) | 2017–18 ($’000) |
New South Wales |
|
|
|
Victoria |
|
|
|
Queensland |
|
|
|
Western Australia |
|
|
|
South Australia |
|
|
|
Tasmania |
|
|
|
Northern Territory |
|
|
|
On the basis of the above calculation, the state and territory GVP figures for 2017-18 are determined to be:
STATE / TERRITORY
|
GVP ($’000) |
New South Wales | 147,498 |
Victoria | 89,989 |
Queensland | 224,528 |
Western Australia | 602,166 |
South Australia * | 457,729 |
Tasmania | 947,131 |
Northern Territory | 65,713 |
* Does not include input from the Commonwealth southern bluefin tuna fishery